SLV stayed under it for the whole month of July.
It might go as low as $25.
I thought the 50 DMA would be hard to get through. It still matters. It's under for 16 days and counting now. It looks like it will stay under the 50 for a month as I warned.
It looks like it did it again.
Not days. A whole month under the 50 day SMA.
It could happen again this year.
It's down below the 50 for 11 days now.
It now under for 9 days and counting.
This is the unwind of the short dollar trade.
It looks like a new lid.
That's what happened last summer.